Hedge fund Walleye hands back capital as it slims down equity business

Hedge fund Walleye is returning capital to clients as it scales back its equity business, revealing a tough period with its worst month of performance since the onset of the coronavirus crisis. The multi-strategy fund, managing $17 billion in assets, is making this move to refocus its operations. This strategic shift highlights the challenges faced by financial institutions in volatile markets and signals Walleye's effort to realign with its core strategies for better future performance.